Abu Dhabi Islamic Bank in talks to buy $1.1b stake in Indonesian lender BSI: report

Abu Dhabi Islamic Bank in talks to buy $1.1b stake in Indonesian lender BSI: report

Bank tellers serve customers at Bank Syariah Indonesia in Jakarta, Indonesia, June 8, 2021. REUTERS/Willy Kurniawan/ File photo

Abu Dhabi’s largest Islamic bank is in talks to buy a minority stake valued at around $1.1 billion in Indonesia’s top Islamic lender, Bank Syariah Indonesia, sources said, with an aim to tap into a fast-growing market for such services in Southeast Asia.